You can clean a property, set up a wireless alarm system, turn the power or the gas on and off, touch up paint throughout a fixed house, go through the MLS, answer the phone, follow a checklist, fetch coffee and donuts, plug numbers into a calculator or spreadsheet, file paperwork, and drive.

Make sure to throughly vet the manager and have detailed conversations regarding expectations and overall compensation.

Often times mentors just come to be because you had a good conversation with someone. 

Decent credit score gets you better interest rates, lower loan to value gets you better interest rates, low debt ratio gets you better interest rate and the converse is true for all of those. 

Start off by searching this forum for tons of books,podcast and conversations on this subject. 

When I lease properties I have detailed conversations with the potential tenant and I listen for red flags as so.

. -- I typically have the property under contract, and thus approach the conversation from a position where there is a strong possibility of a working relationship.  

Do you have Power of Attorney? 

My question is what things can I do during the initial rehab period to help work towards possible condo conversions in the future.

This conversation is mostly for those landlords that live out of town, and manage their own property.